STUNNING MULTI-FAMILY PROPERTY IN VIBRANT BURNABY, BC - PERFECT INVESTMENT OPPORTUNITY

Asking Price: $5,272,000
5468 Hastings Street Burnaby, BC Canada

About 5468 Hastings Street:

This stunning multi-family property is located in the vibrant city of Burnaby, British Columbia, Canada. Situated on a spacious 13,308 square foot lot, this property is perfect for anyone looking to invest in real estate in one of Canada's most desirable locations.

Built in 1962, this property boasts a timeless design that has been well-maintained over the years. The exterior of the building features a classic brick facade that exudes charm and character. Inside, the property is clean and well-maintained, with spacious units that are perfect for families or individuals.

The property is zoned for RM-3, which means that it is zoned for multi-family residential use. This is a great opportunity for investors looking to expand their rental portfolio or for those looking to start investing in real estate. With the current rental market in Burnaby, this property has great potential to generate significant rental income.

The property features a total of 10 units, each with their own unique layout and features. The units range in size from 800 to 1200 square feet and offer 2 to 3 bedrooms each. The units are well-designed and feature open-concept living spaces, large windows that let in plenty of natural light, and modern finishes throughout.

The property includes ample parking for residents and guests, with space for up to 14 vehicles. This is a great feature for tenants, as parking can be a challenge in many urban areas.

The location of this property is unbeatable. It is situated in the heart of Burnaby, which is known for its vibrant community and excellent amenities. The property is just minutes away from restaurants, shops, schools, parks, and public transportation. This is a great location for families, as there are many schools and parks in the area. It is also a great location for young professionals, as it is within easy reach of downtown Vancouver.

In addition to its excellent location, this property is also a great investment opportunity. The property has a current annual property tax of $15,249.09 (CAD), which is reasonable for a property of this size and location. With the current rental market in Burnaby, this property has great potential to generate significant rental income.

Overall, this multi-family property in Burnaby is a fantastic investment opportunity for anyone looking to expand their rental portfolio or start investing in real estate. With its prime location, spacious units, and ample parking, this property is sure to attract high-quality tenants and generate significant rental income. Don't miss out on this incredible opportunity to invest in one of Canada's most desirable locations.

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Features of Property

Type of Real Estate

Multi-family

Land Size

13308 sqft

Year Built

1962

Annual Property Taxes

$15,249.09 (CAD)

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Plot Details

Other Property Information
Zoning Description

RM-3

Property Agent

Patrick McEvay

Marcus & Millichap

#1280 - 333 Seymour Street, Vancouver, British Columbia V6B5A6

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